RE: just a thought experimentWhy hello there again Wong! Made yet another new ID I see? What is this, alias #5? or #6? You know what they say... when you find yourself in a hole, stop digging.
I thought I'd share the urban dictionary entry for "artic": (props to Ekim for this discovery, it's fantastic!)
1. ARTIC
A common misspelling of the word "arctic," usually made by people with a fourth-grade education.
John: Hay letz go to the Artic pol!
Jane: Its spelled Arctic you dumbass.
I haven't had the pleasure of calling you out in a while. So:
Assuming that all of the remaining 33 Chidliak kimberlites discovered in 2010 are non-economic is a foolish assumption. It's pretty much as foolish as assuming that they are all economic. The likely truth is that it will be somewhere in between those 2 extremes. A reasonable assumption would be that 4-6 of them show economic potential, and I believe that to be what the market expects. In fact, Jennifer Pell herself made that prediction, and it is simply an extrapolation of the success ratio from 2009.
Assuming that BHP doesn't act on the funding option is a direct function of the first assumption. At this point, the common sense bet would be on BHP exercising. But common sense isn't exactly your forte, is it?
Finally, in the doldrums of spring this year, when the market had no info with which to value PGD other than CH6 and CH7, the floor (52-week low) was 1.38. It stands to reason that the market believes PGD to be worth at least that much.
Every day that passes is a day closer to news and a day closer to better determining what Chidliak has to offer.